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FERC Amends Rule Delaying Pipeline Construction During Appeals Process
June 12, 2020
Federal energy regulators will now delay the start of construction on energy infrastructure projects like pipelines until it makes determinations on requests to appeal its approvals. The instant final rule issued Tuesday by the Federal Energy Regulatory Commission (FERC) follows
Northern Oil and Gas to Acquire WPX Energy’s Williston Basin Properties for $1.5 Million
June 11, 2020
Northern Oil and Gas, has entered into a definitive agreement to acquire approximately 320 acres of core Williston Basin properties operated by WPX Energy. Total consideration at closing will consist of $1.5 million in cash for the acreage, subject to
EcoCatalytic Successfully Scales Up Ethylene Production Process, Reduces CO2 Emissions by Over 80%
June 11, 2020
EcoCatalytic Inc. has successfully scaled-up a new, lower environmental footprint process for the production of a key petrochemical building block. Commercialized, EcoCatalytic’s new process will reduce CO2 emissions for ethylene production by over 80 percent compared to conventional steam cracking.
CNX Resources Releases Operational Update
June 11, 2020
CNX continues to optimize its long-term intrinsic value per share by safely and compliantly generating free cash flow (FCF) per share on a regular basis. The following is an update of key drivers in that effort. Production Profile Optimization CNX
OPEC+ Deal Extension Bolsters Small Shale Producers
June 10, 2020
Small shale producers and offshore drillers are among stocks soaring after the wider OPEC+ group agreed over the weekend to extend its record output curbs. Saudi Arabia increased prices for some crude exports by the most in at least two
Canada is Largest Source of U.S. Energy Imports
June 10, 2020
Canada is the largest source of U.S. energy imports and the second-largest destination for U.S. energy exports behind only Mexico. Energy is an important component of trade between Canada and the United States. In 2019, based on the latest annual
U.S. Gas Exports to Mexico Rise
June 10, 2020
US natural gas exports to Mexico are up sharply this month amid signs of looming demand growth from warming temperatures, a reopening economy and from Fermaca’s delayed Wahalajara pipeline system. In June, US pipeline exports to Mexico are averaging 5.2
Canada Releases New Regulations for Exploratory Drilling Offshore Newfoundland and Labrador
June 9, 2020
The federal government has announced a change it expects will help Newfoundland and Labrador’s oil and gas industry as it struggles to stay on its feet. A new regulation means environmental assessments for exploratory drilling offshore will be done more
Oil Prices Head Lower for Second Session as Investors Worry About Oversupply from Gulf Producers
June 9, 2020
Crude-oil prices traded sharply lower early Tuesday for a second straight session as worries about the lack of compliance with a recent pact to cut production by a number of major producers pressured futures into negative territory. Analyst at Goldman
BP to Slash Global Workforce By 10,000 Jobs
June 9, 2020
Oil and gas company BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the energy industry. Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP’s global
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